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Alachua County / Greater Gainesville Residential Development Overview Date: 10/14/15 Presented by: Rory P. Causseaux, PE
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CONSTRUCTION MARKET TRENDING
ALACHUA COUNTY (including small municipalities) CONSTRUCTION TRENDING 1990-2015
0
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
300,000,000
Total Development ($)
Residential Development ($)
2015 YTD Sept
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CONSTRUCTION MARKET TRENDING
ALACHUA COUNTY BUILDING PERMITS 2010-2015 Year Total Valuation Residential Valuation Only
2010 74,380,349 39,816,903
2011 103,869,435 37,536,651
2012 97,043,336 41,034,287
2013 114,606,686 59,263,440
2014 98,303,727 56,024,847
2015 (YTD-Sept) 95,065,629 53,508,319
CITY OF GAINESVILLE BUILDING PERMITS 2010-2015 Year Total Valuation Residential Valuation Only
2010 $239,854,837 $11,474,300
2011 $132,111,041 $13,205,738
2012 $226,770,262 $15,803,441
2013 $263,621,400 $27,766,326
2014 $222,374,969 $15,697,930
2015 $170,240,469 $28,385,537
UNIVERSITY OF FLORIDA BUILDING PERMITS 2013-2015 Year Total Valuation
2013 $194,457,467
2014 $154,320,014
2015 (YTD-Sept) $87,410,149
0
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
300,000,000
350,000,000
2013 2014 2015
Alachua County
City of Gainesville
University of Florida
Where is Development Occurring? 2015 New Developments
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RESIDENTIAL DEVELOPMENT Name Developer Builder # of Lots Lot_Sizes Sq_Ft. Pricerange
The Estates at Wilds Plantation
The Estates at Wilds Plantation , LLC. (Trematerra Homes)
Bullard, Warring, Waters, Wild 99 0.5 acres 2600 (min) - 6000 $500K - $1M
Arbor Greens PH. 2 Robinshore Robinshore Build Out
275 0.15 acres 1900-3600 $250K – $550K
Red Oak Estates PH. 2 Bob Wallace Open Builders
(project in design) 15 5.01 acres TBD $130k – 160K
per lot
Oakmont Oakmont, CC ICI Homes; Wilde; Waters; Bullard, Rutenberg, Williams
999 Build Out
0.15- 1.0 acres 1500-8000+ $250K - $2M
Heritage Oaks PH. 2 Duration Builders Duration Builders 44 0.25 acres 1500-2800 $210K - $340K
Weschester PH. 4 Turnstone Group LLC Magnolia Homes 139 0.18 acres 1700 - 3000 $215K – $325K
Plum Creek 121 Plum Creek TBD TBD TBD TBD TBD
Lugano Emmer Development Corp Emmer Development Corp 400 single-family
200 multi-family 0.15-0.22
acres 1500-2500 $225K - $350K
Finley Woods Finley Woods, LLC Tommy Williams, Norfleet 55 phase 1 40 phase 2
471 Build Out
0.15-0.20 acres 1717-2060 $200K-$450
Oak Ridge at High Springs
PH. 2
Innovation Home Builders of North Florida, Inc.
Innovative Home Builders of North Florida, Inc 124 0.15-0.21
acres 1500 $160K -$250K
Gloria's Way Fletcher Development Eric Gonzales 42 0.25 acres 2000-3000 TBD
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RESIDENTIAL DEVELOPMENT The Estates at Wilds Plantation • The Estates at Wilds Plantation , LLC.
(Trematerra Homes)
• Bullard, Warring, Waters, Wild • 99 Lots • 0.5 acres • 2600 (min) – 6000 sq ft • $500K - $1M • Alachua County Jurisdiction
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RESIDENTIAL DEVELOPMENT Arbor Greens - Phase 2 • Robinshore • Robinshore • 275 Lots (Build-Out) • 0.15 acres • 1900-3600 sq ft • $250K – $550K • Alachua County Jurisdiction
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RESIDENTIAL DEVELOPMENT Red Oak Estates – Phase 2 • Bob Wallace • Open Builders (project in design) • 15 Lots • 5.01 acres • TBD • $130k – 160K per lot • City of Alachua Jurisdiction
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RESIDENTIAL DEVELOPMENT Oakmont
• Oakmont, CC • ICI Homes; Wilde; Waters; Bullard, Rutenberg, Williams • 999 Build Out • 0.15- 1.0 acres • 1500-8000+ sq ft • $250K - $2M • Alachua County Jurisdiction
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RESIDENTIAL DEVELOPMENT Oakmont Amenity Center
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RESIDENTIAL DEVELOPMENT Heritage Oaks - Phase 2
• Duration Builders • Duration Builders • 44 Lots • 0.25 acres • 1500-2800 sq ft • $210K - $340K • City of Alachua Jurisdiction
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RESIDENTIAL DEVELOPMENT Weschester - Phase 4
• Turnstone Group LLC • Magnolia Homes • 139 Lots • 0.18 acres • 1700 – 3000 sq ft • $215K – $325K • City of Gainesville
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RESIDENTIAL DEVELOPMENT Lugano
• Emmer Development Corp • Emmer Development Corp • 400 single-family / 200 multi-family • 0.15-0.22 acres • 1500-2500 sq ft • $225K - $350K
• Alachua County Jurisdiction
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RESIDENTIAL DEVELOPMENT Finley Woods
• Finley Woods, LLC • Tommy Williams, Norfleet • Lots:
• 55 phase 1 • 40 phase 2 • 471 Build Out
• 0.15-0.20 acres • 1717-2060 sq ft • $200,000-450,000 • Alachua County Jurisdiction
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RESIDENTIAL DEVELOPMENT Oak Ridge at High Springs – Phase 2
• Innovation Home Builders of North Florida, Inc. • Innovative Home Builders of North Florida, Inc. • 124 Lots • 0.15-0.21 acres • 1500 sq ft • $160K -$250K • City of High Springs Jurisdiction
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RESIDENTIAL DEVELOPMENT
Gloria's Way • Fletcher Development • Eric Gonzales • Lots 42 • 0.25 acres • 2000-3000 sq ft • Alachua County Jurisdiction
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FALL PARADE OF HOMES
What’s the Recipe? Ingredients to Building a Subdivision
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WHAT’s THE RECIPE
• Ingredients of a Subdivision 1. Open Space – 20-50%
1. Applicable to Unincorporated Alachua County for all developments
2. All other jurisdictions open space applicable to protect environmental features only
2. Stormwater Management – 10%-20% 3. Right of Ways – 15% 4. Common Area – 5%
• Clubhouse, playground, signage, amenity
5. Lots – 20-50% Open SpaceStormwater ManagementROWLotsCommon Area
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WHAT’s THE DEFINITION
• Open Space • Primary
Wetlands, Floodplain, Significant Uplands, Threatened & Endangered Species Habitat, Strategic Ecosystem, Significant Geological Features, and natural areas
• Secondary Landscaped Areas, Pedestrian Trails, other
Open Space
Stormwater Management
ROW
Lots
Common Area
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WHAT’s THE DEFINITION
• Stormwater Management Facility • Dry Retention • Wet Detention
Open Space
Stormwater Management
ROW
Lots
Common Area
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WHAT’s THE DEFINITION
• Right of Way (ROW) road, sidewalk, streetlights, landscape, signage, potable water, wastewater, storm/drainage, cable TV, fiber optics, natural gas, electric.
Typical road section image from Oakmont
Open Space
Stormwater Management
ROW
Lots
Common Area
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WHAT’s THE DEFINITION
• Common Area • Clubhouse, playground,
signage, amenity
Open Space
Stormwater Management
ROW
Lots
Common Area
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WHAT’s THE DEFINITION
• Lots Platted Residential Homesites (size vary by zoning and market)
Open Space
Stormwater Management
ROW
Lots
Common Area
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ELEMENTS OF A SUBDIVISION Elements of a subdivision • IN APPLICATION
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COST OF DEVELOPMENT
Total cost of Infrastructure ÷
Length of Road
= Cost per Linear Foot
Typical Road = $500 per LF
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COST OF DEVELOPMENT • Lot Sizes Less Than 0.5 acres
• Average Cost per lot - $25,000 – $60,000 • 35’ – 80’ Frontage • Initial Phase $50,000 - $60,000 • Subsequent Phases: $25,000 - $35,000
• Lot Sizes Over 0.5 acre • Average Cost Per Lot - $45,000 - $80,000
• Over 80’ – 150’ Frontage • Initial Phase $75,000 - $80,000 • Subsequent Phases: $45,000 - $55,000
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COST OF DEVELOPMENT • Professional Services Cost
• Survey • Civil engineering • Landscape • Geotech • Environmental • Lighting • Legal
• Soft Costs
• Permitting fees • Inspection fees • Impact Fees
Average Soft Costs
= $13,000
Average Professional Services Cost
= 10-15% of
Construction Value
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COST OF DEVELOPMENT
• Soft Costs • Alachua County Impact Fees (per lot)
• Water /Wastewater= $7000 • Traffic = $6000 • Fire = $200 • Parks = $100
• City of Gainesville Impact Fees (per lot)
• Water/Wastewater = $5700 • Traffic = $500 • Fire = $0 • Parks = $0
• City of Alachua Impact Fees (per lot)
• Water / Wastewater = $5530
• City of Newberry Impact Fees (per lot) • Water / Wastewater = $4750
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HELP SUPPORT ENVISION ALACHUA
See the Potential of Envision Alachua for Yourself • http://envisionalachuaforbiz.com/
SHOW SUPPORT SIGN UP TODAY
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CELEBRATING SUCCESS
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Passionate Client Advocates Dedicated to Improving and
Growing Communities.